• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Nestlé S.A buys shares of its Nigerian subsidiary worth ₦463.46 million in a week

Omokolade Ajayi by Omokolade Ajayi
November 21, 2020
in Stock Market
Why Nestle Nigeria’s return remains strong - EFG Hermes, Nestle Nigeria Plc appoints new Director, Nestle Plc: FY 2019 Revenue beats estimate; but profit underperforms, GTB, Zenith Bank, & Nestle emerge as Renaissance Capital’s top stock picks, Nestlé’s parent company acquires additional shares worth ₦300 million
Share on FacebookShare on TwitterShare on Linkedin

The largest consumer goods company on the Nigerian Stock Exchange (NSE), Nestlé Nigeria Plc, has notified the Exchange that Nestlé S.A.- its parent company, has acquired 331,045 additional units of its ordinary shares, worth ₦463.46 million over two transactions in a week.

The formal disclosure was made by the Company’s Secretary, Bode Ayeku.

READ: Union Bank Nigeria Plc posts N15.9 billion profit in 9M 2020, up by 2%

RelatedStories

Building learning culture is difficult when the environment is not conducive – Nestle Nigeria

Nestlé S.A acquires additional shares of its Nigerian subsidiary worth N4.9 billion

November 17, 2021

Nestlé S.A invests additional N175.2 million in shares of its Nigerian subsidiary

August 7, 2021

Mr. Ayeku revealed that Nestlé S.A acquired the additional 331,045 units of Nestlé Nigeria Plc shares over two transactions, at an average share price of ₦1400 per share.

This put the total consideration for the shares purchased by the parent company at ₦463,463,000.00.

READ: May & Baker Nigeria Plc records 8.85% revenue increase in 2020 9M

What this means

The purchase of the shares of Nestlé Nigeria further cements Nestlé S.A’s position as the majority shareholder of the company.

In line with the information contained in the financial statements of the company as of 30th September 2020, the company had exactly 792,656,252 shares outstanding, with Nestlé S.A being the majority shareholder with 525,537,201 units – 66.30% of the total shares of the company outstanding.

READ: MTN Nigeria, Ecobank, Dangote tumble, Bears take a grip on Nigerian Stocks

Hence, with the previous purchase of 214,924 additional units on November 10 and the recent 331,045 units acquired by the parent company, Nestlé S.A’s ownership percentage of Nestlé Nigeria is now put at 66.37%.

READ: Dangote Cement gains ₦273 billion on NSE since release of its 2020 Q3 report

Why it matters

Dealings by insiders of listed companies are corporate actions to be disclosed, as required by the Nigerian Stock Exchange to aid transparency.

READ: Dangote Cement Plc records 34.20% increase in 2020 Q3 revenues

What you should know

Nestlé Nigeria’s shares closed the week at the end of trading activities on the Nigerian Stock Exchange, November 20, 2020, at ₦1400.00 per share, with a 52-week low of ₦764.90.


Follow us for Breaking News and Market Intelligence.
Tags: Nestle S.A.
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

Related Posts

Building learning culture is difficult when the environment is not conducive – Nestle Nigeria
Stock Market

Nestlé S.A acquires additional shares of its Nigerian subsidiary worth N4.9 billion

November 17, 2021
Manufacturing

Nestlé S.A invests additional N175.2 million in shares of its Nigerian subsidiary

August 7, 2021
Maggi Signature, Nestle Nigeria revenue climb 5% as profit hit N26.2 billion, Nestle Nigeria's Unaudited Financial Statements, Nestlé S. A. acquires additional shares in Nestlé Nigeria worth N2.92 billion, Switzerland based Nestlé S.A splashes N774 million to acquire shares of its Nigerian Subsidiary
Business News

Nestlé S.A acquires additional shares of its Nigerian subsidiary worth N774 million

March 16, 2021
Nestlé S.A, Insider Dealing: Nestlé S.A invests N353.77 million in shares of its Nigerian subsidiary
Stock Market

Nestlé S.A acquires shares in its Nigerian subsidiary worth N104 million

March 9, 2021
Maggi Signature, Nestle Nigeria revenue climb 5% as profit hit N26.2 billion, Nestle Nigeria's Unaudited Financial Statements, Nestlé S. A. acquires additional shares in Nestlé Nigeria worth N2.92 billion, Switzerland based Nestlé S.A splashes N774 million to acquire shares of its Nigerian Subsidiary
Stock Market

Nestlé S.A. acquires additional shares in Nestlé Nigeria worth N2.92 billion

March 6, 2021
Stock Market

Nestle Nigeria’s parent company to earn N32 billion in dividend from subsidiary

March 4, 2021
Next Post
How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria,Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters

Germany's biggest bank says more people now prefer Bitcoin over gold

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Dry Onions up 30%, pepper up 16.67% in Lagos markets as buyers and sellers react to July 2025 price swings 
  • How Fintech Infrastructure powers the modern Trading Industry 
  • UBA’s LEO becomes Africa’s First Chatbot to enable cross-border payments 

Follow us on social media:

Recent News

When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?

Dry Onions up 30%, pepper up 16.67% in Lagos markets as buyers and sellers react to July 2025 price swings 

July 17, 2025
How Fintech Infrastructure powers the modern Trading Industry 

How Fintech Infrastructure powers the modern Trading Industry 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics